**4. TAXES AND FEES:** If permitted by law, Lessee shall report and pay promptly all taxes, fees and
assessments due, imposed, assessed or levied against the Aircraft or any part thereof or any engine
thereof (or purchase, disposition, ownership, delivery, leasing, possession, use or operation
thereof), this Agreement (or any rents or receipts hereunder), any Schedule, Lessor or Lessee, by
any domestic or foreign governmental entity or taxing authority during or related to the term of
this Agreement, including, without limitation, all license and registration fees, and all sales,
use, personal property, excise, gross receipts, franchise, stamp, value added, custom duties,
landing fees, airport charges, navigation service charges, route navigation charges or other taxes,
imposts, duties and charges, together with any penalties, fines or interest thereon (collectively
**“Taxes”**). Lessee shall have no liability for Taxes imposed by the United States of America or any
state or political subdivision thereof which are on or measured by the net income of Lessor except
as provided in Sections 3 and 14(c) (**“Income Taxes”**). Lessee shall promptly reimburse (on an after
tax basis) Lessor for any Taxes charged to or assessed against Lessor other than Income Taxes
except as provided in Sections 3 and 14(c). Lessee shall show Lessor as the owner of the Aircraft
on all tax reports or returns, and send Lessor a copy of each report or return and evidence of
Lessees payment of Taxes upon request*.* All of Lessor’s rights, privileges and indemnities
contained in this Section 4 shall survive the expiration or other termination of this Lease. The
rights, privileges and indemnities contained herein are expressly made for the benefit of, and
shall be enforceable by Lessor, its successors and assigns.